8. EARNINGS (LOSS) PER COMMON SHARE

3 Months Ended

Mar. 31, 2016

EARNINGS (LOSS) PER COMMON SHARE:

8. EARNINGS (LOSS) PER COMMON SHARE

Earnings (loss) per common share is computed by dividing earnings or losses attributable to common stockholders by the weighted average number of shares of common stock outstanding during the period.  Potential common stock equivalents are determined using the “if converted” method.

Potentially dilutive securities for the computation of diluted weighted average shares outstanding are as follows:

	Three Months Ended
	March 31,
	2016		2015
Restricted Stock Awards		2,437,690		1,910,349
Restricted Stock Units		-		95,424
		2,437,690		2,005,773

For the three months ended March 31, 2016 and the three months ended March 31, 2015, adjusted earnings were losses, therefore common stock equivalents were excluded from the calculation of diluted net loss per share of common stock, as their effect was anti-dilutive.  RSUs were settled in cash during April 2016 and are no longer considered potentially dilutive.